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I am an accountant with many years or accounting and project management experience and work for a small CPA firm in Denver, CO. I also have a love of whiskey and would like to create a niche for myself in the distillery industry. To do that, I need to start working with some distilleries. Are you in need of an accountant that can work with you remotely, or local if in the Denver area? I don't know the industry, but I will learn it. I do know accounting though and would love to discuss your situation with you. Alisa L., MBA, PMP
Hello everyone, I'm trying to determine what could be a reasonable accounting method to compute equipment depreciation and life expectancy when it comes to a distillery. My accountant tells me that general equipment is usually treated using a declining balance method where 20% of the remaining cost is shaved each year from earnings. A linear method could also be used. But then he asked me, what is life expectancy of distillery equipment? Unlike a desktop computer which is worth next to nothing after 5 years, a pot still has a long life. Stainless steel tanks are still worth something a
Wasn't sure exactly where to put this one, but as we're founding our business (we're establishing ourselves as an LLC in NC) we're trying to determine if there is any merit in paying a CPA to do our books. I ask because we plan to do a significant amount of paperwork on a daily/weekly/monthly basis, and so I'm curious about the value a professional could add. I'm not all that confident in my own abilities as an accountant for a small business, but would like to know if anyone uses an accountant, what types of qualities or experience did you find valuable in your accountant? Any information o
Hello, We are brand new distillery recently licensed by the FED and working on our state license. I expect to have it done by mid-January and will then be off and running. Our operation is starting off very small so I am interested in simple solutions when they can be obtained (but I have not found one yet for this exercise) One of the major hurdles it seems everyone faces is taking the time to track daily activities and then complete the monthly and quarterly reports. We use Quickbooks for our accounting software but I am interested in what others are doing to comply with the regulations